₦airaland Forum

Macphenson:
When militants were breaking pipeline, the Nation went on recession, what other fact do you want.

festacman:
Gov. Wike, becareful what you ask for. No take oju okokoro bring bad luck to River State.

I bet Gov. Sanwolu would prefer to even give him and his Rivers State N10 billion of Lagos money than being under the present pressure and apprehension about potential spread of COVID-19 similar to New York.

Cry cry baby, baby no dey shame!

Woleett:
These people just be jealous of Lagos no wonder Lagos is like Jerusalem to yam reez and they would rather die there than in their godforsaken redmud poohole. I once witnessed one flatheaded fool giving testimony in church that she is grateful to God for now being a lagosian after relocating from anambla

senatepresido:
Imagine calling your Church member or a fellow Christian a fool because from your write up you witnessed the testimony just because of Nairaland likes..
Who raised you?
Am Yoruba, I live among the elites, and this is a typical behaviour of a tout living in a slum
Nonsense

BeautifulMind2:
Most of you will sit in your mud enclave and be typing rubbish please what is the future Lagos is being position? Please mention alternative source of energy Lagos is investing on, the Gas that power Lagos and other southwestern states comes from east, if oil cease Lagos IGR will drop by 78% Rivers is the future because they have Gas, Lagos doesn't

Macphenson:
That's true, in terms of revenue generation, Rivers state generates more more than Lagos State, so why should Rivers state not be given grants, or is Buhari waiting for the cases to get up to fifty before responding?

0m0nnakoda:
Clearly you are totally ignorant.
Companies can choose to list in any bourse in the world
Yes if there is so Premiership there would be no viewing centre in Lagos
The Value added by DSTV is part of the Nigerian GDP regardless of where the content is made

The VAT on stock trading is very different from VAT in Obajana

VAT is charged at the brewery
It is also charged when that same Gulder is served in Sheraton hotel

Dangote was planning to list on the London stock exchange.

Companies can be listed on multiple bourses.

Shell is listed in The NYSE and the LSE so what?

Soon you will start talking of monetary policy

DANGOTE could have chosen to remain private but did not because he needed money to expand

That is what the Stock market is for

Even now he is looking to source 100 billion from the market


Lagos is the capital market
That is where money is .

It is as simple as that

Buhari cannot decide to move the stock market. Did he put it there ?

What a foolish thing to say
Does he own it

HAKYN1:
Gas power from which east? Stop smoking that weed it's not good for your health

guy222:
your argument is baseless, liberia and benin republic economy is centre on their port and yet they have no grude oil, so how did they happen to be generating alot of revenue from this port when they have no oil?

PHijo:
That's why I told you Buhari can decide to stop the 'party's in Lagos any day, any time. In the case of Obajana or the other examples in highlighted, the narrative is different. You can't move Obajana plant to Kano or Osun.
Lagos is an overhyped slum.

You are talking about DSTV being based in Lagos let me by your same anology remind you that DSTV is a South-African Company and as such has a miniscule presence in Lagos so we talking of relevance of an economy because of DSTV we shouldn't be talking about Lagos.

In finance Companies do not necessarily need the Capital market. For example Dell left the Capital Market. Amazon and Microsoft are on the Capital Market they are traded in New York but based in Seattle. It also doesn't mean that all the money in the market are raised where the market is based or spent there. To make noise about about a Capital market of less than 400 listed companies, and less than 50 companies shares being actively traded it is a joke to claim Nigeria has a Capital market.

PHijo:
This is why I tell you guys Lagos is irrelevant. The ports in Benin republic generated much of her revenue at the expense of ports in Nigeria and much the revenue Benin republic generated was from oil money. Do you think Benin republic was stupid to wait until Nigeria joined ACFTA before they joined? Have you asked yourself why Benin republic earns from her ports whenever Nigerian ports earn less? Do you realise that Benin and Togolese ports are mainly transit ports?

Bigcowhorn:
No one is interested in your bet and trashy comment

Macphenson:
That's true, in terms of revenue generation, Rivers state generates more more than Lagos State, so why should Rivers state not be given grants, or is Buhari waiting for the cases to get up to fifty before responding?

senatepresido:
Imagine calling your Church member or a fellow Christian a fool because from your write up you witnessed the testimony just because of Nairaland likes..
Who raised you?
Am Yoruba, I live among the elites, and this is a typical behaviour of a tout living in a slum
Nonsense

maxzzo1:
You are a fool so if other states keep silent for not knowing their right from their left....wike is right all states should be giving subvention/grant to prepare in case...everything is politics for u guyz no common sense

0m0nnakoda:
Nothing to do with oil money
You keep repeating the same rubbish
Nigerians hustling in Belgium, Germany etc send thousands of vehicles to Benin to escape DUTY what has that got to do with oil
When Nigeria sells oil does it share the money to citizens?

TheGoodJoe:
No one is saying give the same amount to other States. In the bolded, you are talking of amount. In this case the FG is giving no money to other States when these States have to take measures to prevent a spread of the virus.

Rivers State is on Lockdown. Rivers State needs palliatives to keep it going. Rivers State needs to have structure o ground in case of an outbreak. Rivers State needs testing centres in case to check for possible spread and track.

Giving no money to other States is ridiculous.

mrvitalis:
And your analogy is plain foolish
Every state in Nigeria has potential to be like Lagos .when do u learn that proactive actions are better than reactive ?

So u are stupidly saying government can't give 5 billion to other states ?

0m0nnakoda:
Lagos might be a joke to you but it is still


I better pass my neighbour

Buhari CANNOT stop a party he did not start

Do not kid yourself
Anyway you are changing the subject

Who cares where the money is raised.
The market is in Lagos and will remain there

I never talked about DSTV being based in Lagos,

The point was that DSTV makes money in Nigeria selling European content like the Premiershipthus refuting your rubbish about Dangote and Obajana

DSTV operates in Nigeria and those operations ADD VALUE and are subject to VAT

Shares traded in the stock market add value for investors in Lagos regardless of where the companies are located.
The Value Added in the stock market activity has NOTHING to do with what the company is doing.
If I make suya in Lagos that is Value addition. What has that got to do with how or where the cow was raised

I was just illustrating to you that you do not understand finance or capital markets and are just talking nonsense

mfm04622:
Every state has potential to be like Lagos? We all forget Health is primarily the responsibility of States and LGs! Whatever FG is doing is assisting! So, we need to start from asking what states and Local Governments are doing before we ask what Fg is doing to assist them! For Rivers, The testing facility is being built. 200 bed isolation centre completed.

PHijo:
The goods Nigerians based in the diaspora ship to Nigeria is not the bulk Nigeria's imports. The bulk Nigeria's imports are components needed in the oil and gas sector, fmcg and construction. Secondly, when those Nigerians sell their imports they sell them to a populace that is solely reliant on oil and gas.

Asking the question; " When Nigeria sells oil does it share the money to citizens?" Just shows how ignorant you are.

Yes, they share the oil money for their citizens. When goods are imported they are paid for in US dollars not Nigerian Naira. That is why one of Nigeria traditional source US dollars are the oil companies.
When board a bus or fuel your generator, that is oil money because Nigeria imports refined products with her earnings from crude oil sales and subsidies the price on the imported product with oil money.
Your summgled rice, Ghanaian alomo bitters etc are all paid for with petrodollars.

When your pilgrims get money from the pilgrim board it is ALL oil money.

When your pharmaceutical companies import from China or India it is still petrodollars at work.

When your farmers use fertilizers to grow their crop it is still oil money at work.

S&P, Moody's and other rating agencies know this and that it is why they recently downgraded Nigeria to junk status because it is obvious all other sectors you exist are a showing strong dependence on the oil sector.

PHijo:
You can't stop amazing me!
Dangote is not selling a service but a product, Nigerian Stock exchange renders a service to Dangote Cement and her shareholders. This means if Dangote choose to engage an alternative to the Nigerian Stock exchange it could make the Stock exchange irrelevant. The same cannot said about Obajana and her product.

Coming back to your DSTV analogy, DSTV you said, renders the service or airing European contents. I hope you could remember that at some point in time HiTV used to own those right to the European contents you made reference to.

The decision by the content creator to cut supplies to HiTV led to her demise. This is what tells you who in the equation is relevant. So your is irrelevant in comparison with Obajana or the communities that made Obajana possible through their gas assets.

Kaassh:
COVID-19: FG gave N10bn to Lagos but not a dime for Rivers, says Wike



https://mobile.twitter.com/GovWike/status/1246881845951844353

festacman:
Gov. Wike, becareful what you ask for. No take oju okokoro bring bad luck to River State.

I bet Gov. Sanwolu would prefer to even give him and his Rivers State N10 billion of Lagos money than being under the present pressure and apprehension about potential spread of COVID-19 similar to New York.

Cry cry baby, baby no dey shame!

mrvitalis:
This is absolutely correct ...I see no reason why Lagos would get and other states won't

0m0nnakoda:
Lagos has been established as an international seaport before Nigeria was established
https://www.nairaland.com/4144976/lagos-1898before-nigeria-not-oil

The seaport in Nigeria is oxygen for the country

The Nigerian stock exchange is in Lagos
The Capital market is Lagos
Nigerian manufacturing is Lagos
Insurance is Lagos
Music is Lagos
Telecoms and IT is Lagos


Na only Lagos waka come?

Great2017:
And now, Federal Government has given Lagos a preferential N10B grant. Wike was right in his call.

mfm04622:
FG is giving all qualified residents of all states the palliative! that 20k, it is nationwide! It is not going to the governors, it is going to beneficiaries directly. For structure on ground, a 200 bed isolation centre is on ground even though the state has only one case. The testing centre is being built presently. So what exactly do Wike want the money for?